Available on 8,500 websites, PayUMoney becomes the most widely available wallet service in the Indian e-commerce Industry.
New Delhi, February 6, 2014- PayU India announced the launch of its wallet service – ‘PayUMoney Wallet’ for online shoppers in India. With PayUMoney, a consumer can pay through normal payment methods like credit card, debit card or netbanking account and get rewarded on every transaction. PayUMoney wallet is accepted on more than 8,500 e-commerce websites such as Goibibo, Bookmyshow, Redbus, Tradus, Rechargeitnow, Ferns n Petals, Groupon, Travelyaari etc.
The consumers get up to 10% cashback instantly on each transaction they make through PayUMoney. This cashback can be used as a discount on the very next purchase. PayU India foresees its wallet as an instrument to help consumers make more rewarding purchases and at the same time enjoy an awesome payment experience.
How do consumers get instant cashback on every online purchase?
A consumer just needs to select PayUMoney as a payment option on an e-commerce website and thereafter continue paying through usual payment modes like Credit Card, Debit Card and Netbanking. The consumer gets a guaranteed cashback instantly in his PayUMoney account (wallet). On the very next purchase, the consumer can use this accrued cashback money as a discount.
Moreover, the consumer again receives a cashback on the amount after discount. This way a consumer literally gets paid every time he/she pays through PayUMoney. The icing on the cake is the fact that PayUMoney’s cashback offer is a top-up on any discount or cashback being offered by a merchant or bank. This means a PayUMoney consumer gets a guaranteed cashback by PayUMoney in addition to any discounts offered by a merchant or a credit card issuing bank. The cashback value ranges between 2% to 10%. PayUMoney accepts all major credit cards (VISA/Masteracrd/Amex) Debit Cards (including Maestro) and Netbanking options.
Additional benefits to consumer
- Convenience- The PayUMoney wallet comes with a stored card feature that eliminates the need to enter lengthy card details every time a consumer makes a purchase online. A consumer can choose to store his credit card or debit details once and do a one-click checkout in the next transaction.
- Trust- Consumer interest is protected by PayUMoney’s buyer protection program. A PayUMoney consumer gets an option to release his payments only on a satisfactory purchase and can raise a dispute in case of any mismatch of expectations.
- Seamless Payment Experience- PayUMoney wallet is simple to use and offers an enhanced user experience. The e-wallet can be easily accessed on smartphones as well.
“PayUMoney Wallet addresses the needs of consumers for better payment solutions which are convenience, wide acceptance and rewards. PayUMoney has been integrated with more than 8,500 merchants which makes it the most widely available wallet service in the e-commerce category. Moreover, PayUMoney comes with features like stored card which enables users to do a speedy checkout. Additionally, consumers get assured cashback every time they pay with PayUMoney. The intent is to allow users to pay through usual payment options like credit cards, debit cards or netbanking and reward them with instant cashbacks. In the process, we promise to deliver a quick and awesome payment experience to the user,” quoted Nitin Gupta, Co-founder & CEO, PayU India
About PayU India
PayU India, a Naspers Group company, was launched in October 2011 and achieved the feat of becoming the No.1 payments company in the e-commerce category in just two years. It serves more than more than 8500 businesses in India. Its clientele includes leading companies across various industries like Goibibo, Bookmyshow, Snapdeal, RedBus, Micromax Mobile, HUDA water board, Amity University, Religare Insurance and many more. PayU India is headquartered in Gurgaon with regional offices in Mumbai, Bangalore, Hyderabad, Chennai, Kolkatta, Pune, Jaipur, Ahemdabad and Shimla.